In the last trading session, 3.98 million shares of the Borr Drilling Ltd (NYSE:BORR) were traded, and its beta was 1.74. Most recently the company’s share price was $1.93, and it changed around -$0.08 or -3.98% from the last close, which brings the market valuation of the company to $475.61M. BORR currently trades at a discount to its 52-week high of $7.26, offering almost -276.17% off that amount. The share price’s 52-week low was $1.62, which indicates that the current value has risen by an impressive 16.06% since then. We note from Borr Drilling Ltd’s average daily trading volume that its 10-day average is 8.23 million shares, with the 3-month average coming to 6.16 million.
Borr Drilling Ltd stock received a consensus recommendation rating of Buy, based on a mean score of 1.22. If we narrow it down even further, the data shows that 0 out of 5 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 1 recommended BORR as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight.
Borr Drilling Ltd (NYSE:BORR) trade information
Instantly BORR has showed a red trend with a performance of -3.98% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 2.22 on recent trading dayincreased the stock’s daily price by 13.06%. The company’s shares are currently down -50.51% year-to-date, but still up 5.46% over the last five days. On the other hand, Borr Drilling Ltd (NYSE:BORR) is -14.22% down in the 30-day period. We can see from the shorts that 19.82 million shares have been sold at a short interest cover period of 3.79 day(s).
The consensus price target as assigned by Wall Street analysts is $9, which translates to bulls needing to increase their stock price by 78.56% from its current value. Analyst projections state that BORR is forecast to be at a low of $9 and a high of $9.
Borr Drilling Ltd earnings are expected to increase by -25.30% in 2025, but the outlook is positive 6.33% per year for the next five years.
BORR Dividends
Borr Drilling Ltd’s next quarterly earnings report is expected to be released on 2025-Feb-18. The annual dividend yield of the stock is 12.44 percent and its annual dividend per share was 0.24. It is important to note, however, that the 12.44% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
Borr Drilling Ltd (NYSE:BORR)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 7.40% of Borr Drilling Ltd shares, and 89.78% of them are in the hands of institutional investors. The stock currently has a share float of 96.96%. Borr Drilling Ltd stock is held by 200.0 institutions, with CAPITAL INTERNATIONAL INVESTORS being the largest institutional investor. By 2024-06-30, it held 7.0085% of the shares, which is about 17.6 million shares worth $113.37 million.
BLACKROCK INC., with 5.4226% or 13.62 million shares worth $87.86 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
